https://www.miningweekly.com

Archer signs MoU for Leigh Creek

Archer signs MoU for Leigh Creek

Photo by Bloomberg

20th April 2016

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

Font size: - +

PERTH (miningweekly.com) – Junior explorer Archer Exploration has paved the way for the development of its Leigh Creek magnesite project, in South Australia, with the signing of a memorandum of understanding (MoU) with a local operating magnesite mine.

Under the MoU, Archer and an unnamed party would work together to execute legally binding agreements for the long-term supply and mining of magnesite at Leigh Creek.

“With this MoU, Archer continues with the development of the Leigh Creek magnesite project. This is an exciting, and important milestone in the development of Leigh Creek,” said Archer chairperson Greg English.

He noted that the MoU would help to accelerate the project development timetable and provide added confidence to potential offtake partners and investors.

Archer was hoping to finalise and execute the supply agreement by the second quarter of 2016, along with agreements with mining contractors, magnesite processors and offtake customers, and to gain all government and regulatory approvals to develop the Leigh Creek project.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

The Southern African Institute of Mining and Metallurgy
The Southern African Institute of Mining and Metallurgy

The SAIMM started as a learned society in 1894 after the invention of the cyanide process that saved the South African gold mining industry of the...

VISIT SHOWROOM 
Multotec
Multotec

Multotec, recognised industry leaders in metallurgy and process engineering help mining houses across the world process minerals more efficiently,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.04 0.062s - 111pq - 2rq
Subscribe Now